E-motorcycles estimated to witness 10% of the electric motorcycles & scooters market share from 2018 to 2024 owing to new product offerings and reduced price of the product. Industry players are focusing on competing the e-motorcycles with gasoline powered vehicles with improved speed and superior power output. Electric scooters dominate the industry share owing to less priced compared to electric motorcycles.
48V batteries accounted over 35% of the electric motorcycles & scooters market share in 2017. The higher volume share can be credited to superior compatibility of these products with the e-vehicles along with desirable power output of these batteries. Adoption of 60V & 70V batteries will witness surge over the forecast timeframe. Consistent development in these batteries with reduced weight and higher power range will fuel the segment growth.
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The shifting trend toward green and emission-free resources will generate lucrative opportunities for potential new investors in electric motorcycles & scooters market. The launch of innovative and advanced vehicles will help new entrants suitably augment their product portfolios over the years ahead. Regional governments have also been standardizing a set of regulatory norms that are expected to help vehicle manufacturers attract more customers.
Proliferating population particularly in the emerging countries have resulted in traffic congestion and increased pollution. Usage of these vehicles in reduce the traffic congestion problem and assist in offering clean air. Stringent regulations across the globe towards reducing the air pollution will induce positive impact on the electric motorcycles & scooters market growth.
Electric motorcycles & scooters market – Key Points Covered
- Key Facts
- Business Description
- Financial Overview
- Product Portfolio
- Swot Analysis
- Key Developments
North America electric motorcycles & scooters market will witness growth over 16% from 2018 to 2024. The growth can be attributed to new product offering in the region. In May 2015, the European Union initiated project European Green Vehicle related to e-vehicles focusing on improving the public private partnership, reducing economic challenges and reducing carbon emissions.
Asia Pacific dominates the electric motorcycles & scooters market volume share owing to strong demand of the product from China, Indonesia, India & Japan. Proliferating population, less price of the product, low maintenance cost and no requirement of license are the key factors for volume dominance in the region.
Some of the key participants include Alta Motors, Hero Eco, BMW, KTM, Terra Motors Corp., Zero Motorcycle and AIMA Hi-tech. Improving the battery and motor performance, enhancing the speed range and power output are the key focus area of the industry participants. Strong value chain development and increasing the product visibility will improve electric motorcycles & scooters sales.
Browse key industry insights spread across 250 pages with 623 market data tables & 10 figures & charts from the report, “Electric motorcycles & scooters market” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/electric-motorcycles-and-scooters-market
Major Table of Content:-
Chapter 4. Electric Motorcycles & Scooters Market, By Product
4.1. Global market share by product, 2015 & 2024
4.2.1. Market estimates and forecast, 2013-2024
4.2.2. Market estimates and forecast, by region, 2013-2024
4.3.1. Market estimates and forecast, 2013-2024
4.3.2. Market estimates and forecast, by region, 2013-2024
Chapter 5. Electric Motorcycles & Scooters Market, By Battery
5.1. Global market share by battery, 2015 & 2024
5.2.1. Market estimates and forecast, 2013-2024
5.2.2. Market estimates and forecast, by region, 2013-2024
5.3.1. Market estimates and forecast, 2013-2024
5.3.2. Market estimates and forecast, by region, 2013-2024
5.4.1. Market estimates and forecast, 2013-2024
5.4.2. Market estimates and forecast, by region, 2013-2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/electric-motorcycles-and-scooters-market
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